- : Year 15, issue 06?cookieChecked=1

 
Buying a business: should you review the contract terms? Publication date: 02.04.2025
Article database
If you buy a business, the seller will not usually charge VAT under the transfer of a going concern legislation if certain conditions are met. However, should you apply extra checks to future sales contracts to avoid a potential interest charge?
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Can you claim input tax on overseas sales expenses? Publication date: 02.04.2025
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Your business sells goods and services to overseas customers, and you do not charge VAT. Can you still claim input tax on any UK expenses that directly relate to these sales?
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ATT issues scam warning Publication date: 02.04.2025
Article database
The Association of Taxation Technicians has published a copy of a scam email sent to business owners, claiming to be from HMRC. It states that a compliance check will be made into your returns. How should you respond?
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Was car dealer entitled to use margin scheme? Publication date: 02.04.2025
Article database
Was car dealer entitled to use margin scheme?..The case. Roscoe Noonan (N) was belatedly registered for VAT by HMRC in 2018, with his date of registration backdated to 1 April 2008. Using records provided by a car auction business, HMRC calculated the purchase value of second-hand cars made by N during that period. The figure was increased...
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Can input tax be claimed on costs of relocating an employee? Publication date: 02.04.2025
Article database
Can input tax be claimed on costs of relocating an employee?..Q. Our business employs an office manager in the south of England and he has agreed to relocate to our new branch in Scotland if we pay all of his relocation costs, including estate agent fees for selling his current house and legal fees linked to both the sale and purchase. Can we claim...
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When can you ask for a ruling? Publication date: 02.04.2025
Article database
Your business has introduced a new product and you’re unsure if sales will be subject to VAT at 0% or 20%. Can you ask HMRC to give a written ruling about the rate you must charge?
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Is building remedial work subject to VAT? Publication date: 02.04.2025
Article database
One of our subscribers worked for a property developer ten years ago, constructing new flats. The developer has asked them to do remedial work linked to fire and safety issues and thinks that the work is zero-rated as snagging. Is this correct?
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Consultancy services for US property: should we charge VAT? Publication date: 02.04.2025
Article database
Consultancy services for US property: should we charge VAT?..Q. My business has won a big contract to advise a wealthy homeowner in the US which roofing materials they should use, and the structure of the roof, when they have major works carried out on their property. We are not supplying any goods, only services, and my understanding is that we must...
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Could HMRC incorrectly withdraw you from annual accounting? Publication date: 02.04.2025
Article database
Your business can only use the annual accounting scheme (AAS) if its annual sales are below certain limits. Is there a risk that HMRC could wrongly instruct you to leave and, if so, what can you do about it?
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Were admission fees to farm show exempt? Publication date: 02.04.2025
Article database
Were admission fees to farm show exempt?..The case. Yorkshire Agricultural Society (YAS) is a registered charity and charges admission fees to the annual Great Yorkshire Show which is held for three days in mid-July. YAS claimed the fees were exempt from VAT between 2016 and 2020 because a primary purpose was to raise funds, whereas HMRC said the fees...
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